Thursday, July 19, 2012

Scalp Trades Dated 19/7/2012



1. OSKPROP - Follow hng buy in oskprop at 1.28 and 1.29, two batches. :) RI ratio of 10:1, free 3 warrants and 2 BI after subscribing to Right. Ex-date fall on 30/7/2012. See if i have time, i will work out the theoretical price.

2. YTLP-WB - Bought at 0.595 and sold at 0.60. Half cent profit. :)

3. CMMT - Clear all CMMT at RM1.58. Profit 1+ sen. :)

4. POS - Clear all remaining at RM2.86. :) Should have clearing them at RM2.88 but decision making too late. :(

6. PAVREIT - Bought in 2 batches at 1.28 & 1.30 respectively. :)

7. Watch list - POS, YTLP-WB, OSKPROP, IJMLAND, WCT, HAPSENG, KSL

8. Good Luck & 88888

26 comments:

Teng said...

Horse

Congraton your CMMT,YTLPower-Wb and Pos. I had earlier set target for my remaining YTLPwr-WB at 60cts.But after seeing mother >1.81,I am reluctant to sell yesterday.

Teng said...

cancel sell queue for YTLPower-WB at 60cents.

Teng said...

Buying quantity for YTLPower is huge(6k lot).Hope warrant will go higher

Teng said...

Hng

YTLLand up 6 cents in active trading( relatively ACTIVE).How can I miss this?

Teng said...

Sold YTLPower-WB at 61.After this selling,left with only 10k shares

ck5354 said...

anyone know what happen to ijmland??

rumours say ijm privatize ijmland

hng said...

Bought PWROOT at 70sen

Bought Ireka at 66.5sen

Bought more OSK property at 1.24-1.26

Teng said...

CK5354

Welcome to this blog.I do read your blogs

Rumors is IJM( not sure with any partner or act alone)will privatise IJMland at 3.20 per share.Understand announcement will be made today or over weekend

ck5354 said...

kamsia teng

my watchlist mulpha

Teng said...

Hng

You must Q for OSKProp 1.24 early.It was jump queue transaction

Teng said...

CK

I still hold some quantity Mulpha. 2009 Mulpha was my darling stock,and by% gains,I think it was one my best performing stocks.My relative who work in Mulpha related company told me Mulpha also target of privatisation.Final aim to to control Mudajaya's power division

alwayswin111 said...

Teng
IJM up up and away

Teng said...

Alwayswin

Did you manage to buy any IJM?

hng said...

Bought more hapseng at 1.78, today is last day for its dividend entitlement

ck5354 said...

MULPHA FRUSTRATED WITH SHARE PRICE PERFORMANCE MULPHA INTERNATIONAL trading at a large discount to its Net Tangible Assets (NTA), is looking to Share Buy Backs to boost its market price said EC, LEE SENG-HUANG. " .... We are very frustrated with the share price performance. The market price and NTA gap is very large. The Board (of directors) is exploring ways to close the gap ...." he said after the Company's AGM on Jun 19, 2012.

SHARE BUY BACK/ASSETS DISPOSAL PROGRAM
LEE said that the Group would close the huge gap between its share price and NTA either through a share buyback programme or assets disposal that was above NTA.
" .... We are also looking at acquisition opportunities in the region but so far have not seen anything that was compelling in terms of value. Thus, we see more value in our share buyback exercise ...." he said, adding that MULPHA had bought back 3% to 4% of its shares.

SHARE BUY-BACKS RATHER THAN DIVIDENDS
MULPHA said that it believes in rewarding shareholders through Share Buybacks rather than dividend payment. The Company had made numerous share buyback exercises to boost its share price.
The Company started buying back its shares in 2001 when the share price was trading below 40 sen for most of the time. It continued its buyback effort in 2002 and 2003 until it reached the maximum 10% of share capital allowed.
The exercise saw its share price appreciate. Subsequently, the Company repeated the share buyback exercises over the past few years.

ASSETS DISPOSALS/ACQUISITIONS
LEE explained that by selling land it could unlock the NTA and use the proceeds to buy another piece of land which was more value accretive.
MULPHA had recently sold its 31,516 sq ft land in Jalan Sultan Ismail for RM104m, or about RM3,300 per sq ft.

OPTION TO TAKE PRIVATE
Asked if its options included privatisation, LEE said " .... That's not a decision of the Board. The Board cannot take the Company private. Certain shareholders may have to consider the options ....".
He also said that the Company was " .... pretty much done ...." in terms of disposing of its non-core business, adding that the Company had sold off the crane and paint business.

DIVIDEND REINVESTMENT PLAN
At the AGM, shareholders approved MULPHA's plans to undertake a Dividend Reinvestment plan to allow shareholders to reinvest their dividend in new ordinary shares of 50 sen each.
LEE also said that it was " .... not high priority ...." for the Company to enter a new market, especially new developing markets like Vietnam. He said that the Company still had 2,000 acres of undeveloped land in Malaysia.

NTA vs MARKET PRICE
At end Mar 2012, MULPHA's NTA recorded RM1.32 per share and its share price was 40 sen at close on Jul 4, 2012.

alwayswin111 said...

Teng
Yes I bot yesterday, sold 5.30 oredi.

alwayswin111 said...

Teng
At least make up for my miss in Ijmland... Haha

alwayswin111 said...

Teng
I am still losing money on my KOSSAN . Bot 3.20. Thinking of averaging at 3.11

alwayswin111 said...

Oskprop moving up. All of you making money . Congrats

Teng said...

CK

I don;t think Mulpha major shareholder will privatise Mulpha.This is my personal opinion.Maybe Mulpha may sell properties esp in Aus and privatise via capital repayment

ck5354 said...

thanks teng.

mulpha volume is there.

price not yet move. Hopefully will be like fitters.

Teng said...

CK

Mulpha has been hovering 40.5-41 for weeks. I did make 1 round 1 month or 2 ago. Bought 41,sold 42

hng said...

Bought more PWROOT at 68.5-69sen

Maria^^ said...

any prospect on pwroot?

horse said...

Hi All,

I will make my posting tomorrow. :)
Too tired now. :(

Teng - Congratz on your YTLP-WB.

Alwayswin - I noticed you are more on heavy weight counters. Keep up the good work. :)

hng - Congratz on your OSKPROP. :) PWroot will be due for 2.5sen dividend, that translate abt 3.6% DY. Good choice. :)

ck5354 - are you still active in CW ?

Stay tune !!!

ck5354 said...

horse, no more CW. burnt badly.

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